Small and medium enterprises (SME) in Papua New Guinea need to hone their business models and proposals to get investors. Business Advantage PNG looks at some of the ideas that the Fusion Foundation, a non-profit entity that supports entrepreneurs, proposes to help SMEs thrive.
The World Bank and the Papua New Guinea Business Council seem to agree on the areas that need strengthening to help Papua New Guinea’s economy thrive. The difference, however, is that one of them also includes the creative industries. David James compares both lists and analyses what they mean for the country and its future.
The Bank of Papua New Guinea’s Quarterly Economic Bulletin reports sales were strong in the manufacturing and transportation industries during the September quarter of 2018. But in other sectors revenues were revealed to be either patchy or poor. David James gives us an overview of these sectors.
Papua New Guinea’s Immigration and Citizenship Authority has developed a new online visa system and has changed the rules for business visitors to the country. Here’s why the changes were made and what business travellers to PNG can do to avoid delays.
The economy of the Solomon Islands is small, but continues to grow steadily. New nickel exports, new hydropower and greater internet connectivity look set to drive future growth, reports David James.
Oil and LNG have remained steady but the gold price rises and coffee is up. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Prime Minister James Marape told the 2nd Speaker’s Investment Summit in Port Moresby last week that the government would move quickly address ‘misunderstandings’ about the US$10 billion Papua LNG project.
Papua New Guinea’s agricultural industries have great potential but operators have to learn to fend for themselves. That was the message at the 35th Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby.
The new cabinet announced by Prime Minister James Marape has many sound choices, according to Paul Barker, Executive Director of the Papua New Guinea Institute of National Affairs. He tells Business Advantage PNG that there is optimism in the business community about the new government.
Regional insurer Capital Insurance Group has been growing rapidly as it develops a strong Pacific footprint. Group Chief Executive Officer Keith Land speaks with Business Advantage PNG about the keys to its success.